Performance Shipping Stock Current Asset
| PSHG Stock | USD 1.78 0.04 2.20% |
Performance Shipping fundamentals help investors to digest information that contributes to Performance Shipping's financial success or failures. It also enables traders to predict the movement of Performance Stock. The fundamental analysis module provides a way to measure Performance Shipping's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Performance Shipping stock.
The Performance Shipping's current Total Current Assets is estimated to increase to about 83.9 M, while Non Current Assets Total are projected to decrease to roughly 167.7 M. Performance | Current Asset |
Performance Shipping Company Current Asset Analysis
Performance Shipping's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Performance Current Asset Historical Pattern
Today, most investors in Performance Shipping Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Performance Shipping's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Performance Shipping current asset as a starting point in their analysis.
Performance Shipping Current Asset |
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Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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Performance Total Assets
Total Assets |
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In accordance with the recently published financial statements, Performance Shipping has a Current Asset of 0.0. This is 100.0% lower than that of the Marine Transportation sector and about the same as Industrials (which currently averages 0.0) industry. The current asset for all United States stocks is 100.0% higher than that of the company.
Performance Current Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Performance Shipping's direct or indirect competition against its Current Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Performance Shipping could also be used in its relative valuation, which is a method of valuing Performance Shipping by comparing valuation metrics of similar companies.Performance Shipping is currently under evaluation in current asset category among its peers.
Performance Shipping Current Valuation Drivers
We derive many important indicators used in calculating different scores of Performance Shipping from analyzing Performance Shipping's financial statements. These drivers represent accounts that assess Performance Shipping's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Performance Shipping's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.4M | 22.3M | 18.6M | 6.5M | 23.8M | 25.0M | |
| Enterprise Value | 8.3M | 58.6M | 59.0M | 95.7M | 11.5M | 11.0M |
Performance Fundamentals
| Return On Equity | 0.2 | ||||
| Return On Asset | 0.0833 | ||||
| Profit Margin | 0.52 % | ||||
| Operating Margin | 0.52 % | ||||
| Current Valuation | 2.42 M | ||||
| Shares Outstanding | 12.43 M | ||||
| Shares Owned By Insiders | 8.32 % | ||||
| Shares Owned By Institutions | 5.52 % | ||||
| Number Of Shares Shorted | 887.05 K | ||||
| Price To Book | 0.08 X | ||||
| Price To Sales | 0.25 X | ||||
| Revenue | 108.94 M | ||||
| Gross Profit | 46.48 M | ||||
| EBITDA | 74.71 M | ||||
| Net Income | 69.41 M | ||||
| Cash And Equivalents | 13.27 M | ||||
| Cash Per Share | 1.28 X | ||||
| Total Debt | 54.98 M | ||||
| Debt To Equity | 0.52 % | ||||
| Current Ratio | 1.62 X | ||||
| Book Value Per Share | 21.40 X | ||||
| Cash Flow From Operations | 67.95 M | ||||
| Short Ratio | 13.78 X | ||||
| Earnings Per Share | 1.53 X | ||||
| Price To Earnings To Growth | (0.34) X | ||||
| Target Price | 5.75 | ||||
| Number Of Employees | 209 | ||||
| Beta | 0.2 | ||||
| Market Capitalization | 22.63 M | ||||
| Total Asset | 296.27 M | ||||
| Retained Earnings | (301.12 M) | ||||
| Working Capital | 64.57 M | ||||
| Net Asset | 296.27 M |
About Performance Shipping Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Performance Shipping's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Performance Shipping using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Performance Shipping based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Currently Active Assets on Macroaxis
When determining whether Performance Shipping is a strong investment it is important to analyze Performance Shipping's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Performance Shipping's future performance. For an informed investment choice regarding Performance Stock, refer to the following important reports:Check out Performance Shipping Piotroski F Score and Performance Shipping Altman Z Score analysis. For more detail on how to invest in Performance Stock please use our How to Invest in Performance Shipping guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Marine Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Performance Shipping. If investors know Performance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Performance Shipping listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.179 | Earnings Share 1.53 | Revenue Per Share 7.294 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0833 |
The market value of Performance Shipping is measured differently than its book value, which is the value of Performance that is recorded on the company's balance sheet. Investors also form their own opinion of Performance Shipping's value that differs from its market value or its book value, called intrinsic value, which is Performance Shipping's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Performance Shipping's market value can be influenced by many factors that don't directly affect Performance Shipping's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Performance Shipping's value and its price as these two are different measures arrived at by different means. Investors typically determine if Performance Shipping is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Performance Shipping's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.